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The Federal Reserve is independent of the executive branch's political aims. Its mandate is to keep inflation and unemployment in check with the tools it has at
by jt_b 4y ago
The Federal Reserve is independent of the executive branch's political aims. Its mandate is to keep inflation and unemployment in check with the tools it has at its disposal (interest rates, balance sheet).
- 01100011 4y ago> The Federal Reserve is independent of the executive branch's political aims. That's the theory anyway. The fed chair is appointed by the president and still has some accountability to the political machine. It is independent in many ways but it is not truly independent. > Its mandate is to keep inflation and unemployment in check Yes and now it is also trying to fight climate change, wealth gaps, and other "ESG" goals.